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It Pays To Watch - Save £2,400 on fuel
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PetrolSavingExpert
Posts: 7 Forumite
Just watched the programme “It Pays To Watch EXTRA” on channel Five.
Martin said you can save £2,400 a year if you shop around for fuel. Having been in the fuel trade for 10 years I don’t understand where he gets this figure from.
Based on:
An individual who fills up 40 litres per week
52 weeks in a year
4p difference in fuel between the highest and cheapest petrol station – (In my area this is excessive 2p is realistic)
Calculation
0.04 pence * 40 Litres = £1.60 you pay extra per week
£1.60 * 52 weeks = £83.20 per year
I think 2p is realistic in my area so I will do a calculation for this as well.
0.02 pence * 40 Litres = £0.80 you pay extra per week
£0.80 * 52 weeks = £41.60 per year
So now you have to think is it worth it going to the cheapest petrol station to save them pennies. It may cost you more to travel. Some people only fill up 10 / 20 Litres at a time so it will cost more to travel to the petrol station.
Also there are other factors to consider like the quality of the fuel, e.g Total claim there fuel can give you an extra 30miles per tank full or they will refund the difference.
So my conclusion is if the petrol station locally is a couple of pennies more expensive, it’s probably not worth it travelling to the cheapest.
If I have misunderstood guys let me know. Big difference between £2,400 and my calculations.
Martin said you can save £2,400 a year if you shop around for fuel. Having been in the fuel trade for 10 years I don’t understand where he gets this figure from.
Based on:
An individual who fills up 40 litres per week
52 weeks in a year
4p difference in fuel between the highest and cheapest petrol station – (In my area this is excessive 2p is realistic)
Calculation
0.04 pence * 40 Litres = £1.60 you pay extra per week
£1.60 * 52 weeks = £83.20 per year
I think 2p is realistic in my area so I will do a calculation for this as well.
0.02 pence * 40 Litres = £0.80 you pay extra per week
£0.80 * 52 weeks = £41.60 per year
So now you have to think is it worth it going to the cheapest petrol station to save them pennies. It may cost you more to travel. Some people only fill up 10 / 20 Litres at a time so it will cost more to travel to the petrol station.
Also there are other factors to consider like the quality of the fuel, e.g Total claim there fuel can give you an extra 30miles per tank full or they will refund the difference.
So my conclusion is if the petrol station locally is a couple of pennies more expensive, it’s probably not worth it travelling to the cheapest.
If I have misunderstood guys let me know. Big difference between £2,400 and my calculations.
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Comments
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Not seem the program. But I've never understood why people drive an extra 5 miles to save a penny a litre. But they do.0
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I missed the program and have to agree with you that its more likely to be around 2p or less per litre, 40 litre per week is a lot of fuel, I doubt that's average driver uses.
There is one garage near us that sells petrol £1.12 per litre, rarely does business on a main road, local supermarket is £1.05, average is around £1.06 though, so only 1p saving at cheapest compared with non supermarket forecourts
You also have to take into account the driving, fine if you live close to cheapest garage, not so good if its 3-4 miles away0 -
Hi there - I notice you've already posted this on the It Pays To Watch Board so I'll close this thread
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